FFA is a venture development and investment company that builds and scales businesses across Africa through our unique approach providing founders access to both capital and our highly skilled team. FFA has already invested in and supported 23 fintech and healthtech entrepreneurs in Africa across Nigeria, Kenya, Ghana, South Africa and aims to build and scale 88 businesses by 2025. We are looking for innovative African AgriTech startups to transform business models and improve the delivery of a range of services to smallholder farmers and micro, small and medium-sized enterprises in the agricultural sector. We will consider startups across the agricultural value chain addressing bottlenecks in areas such as productivity, postharvest handling, foodtech, data and information, market access, finance, and supply chain management.
The inaugural prize, the Milken-Motsepe Prize in AgriTech, is a global call for innovations and new business models to increase economic value for farmers in Africa, from seed to sale. Registration is free, with a $1 million grand prize available for the winning team.
True to our mission of transforming lives, we seek to identify, grow, and scale commercially viable businesses that are also creating societal change. In line with this purpose, we strongly believe that there are innovators who are determined to address challenges that exist in their communities by finding locally relevant solutions that work for them. We would like to give them a platform to enhance and scale across Kenya and beyond. Therefore, we launched the Safaricom Spark Venture Fund to invest and support late-seed, early-growth stage companies with a presence in Kenya, whilst leveraging Safaricom assets to enable the companies to scale.
GroFin is seeking applications for its Small and Growing Business Fund. GroFin is a pioneering development financier specializing in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East.
Prospero Zambia has announced a call for applications for the Innovation Partnerships in Food and Agriculture. Prospero Zambia works with intervention partners in the small livestock, fruits, and vegetables and legumes sectors to address market constraints that hamper sector growth, competitiveness, and opportunities for SMEs.
Vital Capital has launched a new debt facility providing loans to promising businesses in sub-Saharan Africa to help them get through the corona virus pandemic. The Vital Impact Relief Facility will dedicate US $10 million, offering firms immediate access to capital to weather the economic consequences of the virus while building a bridge to realizing their visions of becoming prosperous companies that can benefit millions of Africans.
I&P has been supporting more than fifty SMEs, based in 15 African countries and operating in various sectors.I&P intervenes as a minority stakeholder. Through this association, we become a real partner to the company, and we participate to its governance, in close relationship with the management team. Our investment is established for a given period of time, after which we exit the company. We are managing several investment funds, which offer different investment deals.
Hortfin is a ring-fenced loan facility directed at the fruit industry value chain. It will provide innovative and comprehensive financing and support systems in a manner that promotes job creation, transformation and sustainability. Funding will be provided by Land Bank, Jobs Fund and the industries with the loan book being managed by the Land Bank. Participants in the broader fruit industry are expected to play an important role in identifying opportunities, forming joint ventures and generally providing support to the investee companies.